Skip to comments.Holiday Sales Sag Despite Blitz of Deals
Posted on 12/02/2013 6:09:40 AM PST by Red in Blue PA
Retail spending over Thanksgiving weekend dropped for the first time in at least seven years, the industry's main trade group said, as the blitz of deals and earlier opening hours apparently failed to pry more dollars out of the hands of budget-conscious shoppers.
Retailers such as Wal-Mart Stores Inc. and Macy's Inc. kicked off sales earlier on Thanksgiving Day, aggressively touted discounts all week and offered many of the same discounts online as in stores in an effort to keep ahead of rivals. But preliminary sales estimates based on surveys of shoppers suggest the tactics may be reaching a point of diminishing returns.
Sales spiked on Thanksgiving Day and online, but at the expense of business on Black Friday itself, according to the early data. Estimated total spending over Thanksgiving weekend fell to $57.4 billion, down 2.7% from a year ago, according to the National Retail Federation. It said it still expects total holiday sales through year-end to rise by 3.9% from a year ago.
(Excerpt) Read more at finance.yahoo.com ...
Markets will rally 2.5%.
I buy online and avoid Maryland sales tax.
Obamascare and a broken economy.
Good for you. Maryland is a tax hell.
Sales decline but deaths rise; News at 11...
Yep, sales down but store violence up.
Imagine how big the drop will be once deductibles start going to $10,000 for 85 million people when they lose their employer coverage.
Disaster is looming on the horizon.
Maryland has gone the way of CA, a single party (Dem) run state with no real opposition. That means lots of taxes on the middle class and poor, as well as the rich.
But we can marry the same sex partner of our choice, or get instate tuition discount rates if illegal, so we got new *freedoms* to replace the lost ones.
Many Marylanders I know are planning to leave the state. One party dominance and liberal rule have become intolerable.
Looks like VA is following Maryland, I just hope there are large #s VAers who are not the sheep that Marylanders are.
Back in 2010 a wave year AGAINST Dems the GOP Romney-like opponent Bob Ehrlich just handed the election to Martin O Malley without a trace of a fight. It was pathetic. It was like he was working for Dems.
Only thing I bought on black Friday was a box of ammo. I found 9mm FMJ (Remington UMC) for $0.28 a round. Bought a box of 250. I plan on rotating it into stock and taking 200 rounds or so to the range in the next week or so.
Maryland is hopeless. A lost cause.
Sadly it appears that Virginia wants to go down the same road as Maryland even though its a dead end.
With a record number of people dropped out of the work force, and people getting hit with huge increases in healthcare costs, of course there is much less money to spend.
My healthcare premiums doulbed and I can tell you I did not spend a dime over black Friday.
Only No VA...
The rest of the state is Conservative... And pissed!
We need to split the states. Liberals get their share and can have all the Sodom and Gomorrah they can stand, conservatives get their share. Any bets on which group survives?
The takers can’t survive without the makers. The parasites need a host.
In Maryland, population densities in one city and a few counties control state politics. IMHO the same thing will happen in Virginia as the northern areas eventually gain legislative control over the rest of the state.
Same thing happened in Michigan until the Dems destroyed Detroit.
I’m sure Jae Carnie will inform us that this is not due to economic conditions, but Americans turning to a more spiritual Kwanzaa season.
Its a shame that logic and the lessons of history don’t prevent debacles. People seem intent on always going down the slippery slope. Detroit is a spectuacular case in point.
Liberal Marylanders have contributed to what’s happening in VA. They made life for themselves unaffordable then left for VA’s greener pastures. Of course, they continue to vote for more of the same.
Man, that’s about perfect. I can just see them, or some leftist, actually stating this, and I can see sheeperal actually BELIEVING it.
Yes it appears that Maryland is like California.
So far left it can send large amounts of libs to tip neighboring states and still remain solidly Dem itself.
My idiot niece moved from California to Colorado.
Thats the way it looks in Howard County Maryland too.
It was GOP up to early 2000s then was Dem by 2004.
lots of housing development and new neighbors.
And lots of legal immigration. Unexpected effects there.
Same here held my nose and went to Dicks where they had a box of 500+ 22LR on sale for 19.99. My wife got one too. Outside of that nothing.
Already has, me thinks....
Same for PA, IL, CA, and others...
The city dwelling blood suckers (generally speaking), living one on top of the other tend to vote govt dependency while more suburban and rural folks think about living off grid...
Tail waggin’ the dawg....
top reason: Americans are actually poorer
Yes, this is true, but it's similarly true in just about every state in the union.
I think secesssion is a pipe dream, but as the saying goes, something's gotta give. And if it doesn't, at some point somebody's gonna TAKE.